Artificial intelligence (AI) is an increasingly useful and ubiquitous tool.  However, for the time being, some things may perhaps be better left for mortals.  The recent decision in In the matter of Lanmar Pty Ltd (No 2) [2026] NSWSC 800 provides a stark example of the dangers associated with an overreliance on AI and the impacts it can have on corporate governance and the ownership of shares in a business.

This article explains where it all went wrong in the case of Lanmar, a defence contractor, and the lessons that ought to be learned from the decision.

The most common basis upon which creditors make an application to wind up a company and appoint liquidators is upon the non-compliance with a Creditor’s Statutory Demand. If the debtor company ignores the Creditor’s Statutory Demand and no payment or compromise is reached then the company is presumed insolvent, paving the way to wind up the company.

This article contains an explanation of the steps required when lodging an application for winding up in these circumstances, as well as some helpful tips to navigate the process effectively.